Can anyone learn to trade forex?

 article about Can anyone learn to trade forex?
Trading forex has a lot of earning potential, but only if done right. But can anyone learn to trade forex and start doing it right away? The answer is yes, although one needs to have the right mindset for doing it. And while some people might tell you that the most important thing is to know what you are doing, that's actually not the most important thing. Most people in forex market lose money, although they might have the knowledge they need to be at least somewhat successful. What actually differentiates the successful traders from losing traders is just on word. The word is discipline.

You might know how to trade, you might have all the skills in the world, you might know how set your stop losses right, you might know how to enter the trades at the right time, but if you don't have the discipline to stick to what you know, do what you know you should do, none of your skills matter. So if you lack discipline, and are unwillng to work on that, trading forex is not for you.

However, if you feel you don't have a discipline problem, then you can register a forex account right now and start testing your skills with as little as three or ten bucks. Forex brokers offer you leverage of up to 1:500, which means that even if you deposit just $10, you can earn from up to $5000.

Which broker to choose?

There are many things you should be looking at when choosing a broker - size of spreads, commissions, speed of execution, whether the broker allows unlimited daytrading and scalping (in you're interested in that). But as a beginner you also want to get started as fast as possible, and with as little hassle as possible. Because of that my recommendation would be using this broker for the following reasons:

- You can open the account right away. You only need an email to get started.
- You can deposit with ANY amount with either Bitcoin or Litecoin.
- The spreads are good, commissions are pretty good as well.
- Execution speed is perfect.
- You can trade with Metatrader, their web trader, or using an app in your phone.

Register here to start trading right away.

Of course, while testing the trading platform, you should also learn trading at the same time. You need to know the basic candlestick formations, you need to learn about the best forex trading indicators, you need to get look into best forex trading strategies that you might want to improve on. You'll also want to keep in mind the basics of money management.




have your say






more in Trading
Related currency pairs - correlations between currency pairs
Can anyone learn to trade forex?

When trading forex, you will notice that some currency pairs seem to move in the same direction at the same time. Which means that those currency pairs are related to each other.

Related currency pairs - correlations between currency pairs
Can anyone learn to trade forex?

When trading forex, you will notice that some currency pairs seem to move in the same direction at the same time. Which means that those currency pairs are related to each other.

What is the best anonymous forex and crypto trading platform?
Can anyone learn to trade forex?

If you are looking for the best forex and crypto trading platform or rather broker, I have found one I'm using myself, which offers bitcoin deposit option with no minimum, and no authentication needed. Plus of course, low trading fees.

eifu.org

Eifu offers you best sites for betting with bitcoin, current poker bonuses as well as best cryptocurrencies to invest in as well as odd news from around the globe.

get in touch

You can contact us via Eifu Facebook page